Market risk
Valid Assumptions Required: examining forward curve assumptions
Brett Humphreys and Eric Raleigh review assumptions about the forward curve and the difference between relative and absolute dates.
Steve Leppard
BP's Steve Leppard combines quant skills with sound business sense to create effective risk management solutions. He speaks to Oliver Holtaway about his career
A model of time-varying volatilities in futures contracts
Despite the utility of forward price models in the risk management framework, models of spot prices are used more prevalently. Ted Kury presents a tractable model with time-varying volatility, that allows for temporal changes
Freight derivatives market
Energy Risk looks at the latest developments in this expanding market
Clearing the way for competition
Until recently, NOS was the only player offering clearing for freight derivatives. But with the arrival of new players, competition is set to intensify. Oliver Holtaway reports
Optimal results
Effective portfolio management has become crucial for energy companies, but creating the optimal portfolio is fraught with challenges, writes Colin Cooper
Stepping up a stage
Optimism over the freight derivatives market, which waned a little at the end of last year, is on the rise again, as volumes increase and new players enter. There are still hurdles to overcome though
The price is right?
For banks entering the physical power markets the opportunities are many, but pricing contracts in these volatile markets is fraught with difficulties. Aarzoo Shah, Riccardo Anacar and Antony Kakoudakis look at how to tackle these challenges
Kick-off for spot
After years of relying on long-term contracts, LNG suppliers are committing more volumes to the short-term market in hope of exploiting tight fundamentals. Oliver Holtaway explores this new trend
Industry gets energised
Attracting some 300 delegates, this year's Energy Risk USA conference was by far the biggest and most successful it's been since the fall of Enron, writes Stella Farrington
Asia's maritime centre
Traders hope that the arrival of freight and oil derivatives clearing for the first time in an Asian time zone will boost the growing FFA market in Asia
Weathering the impact of stormy price hikes
At the start of the 2006 hurricane season in the Atlantic Basin, Zachary Simecek takes a look at the impact on the energy markets
Brian O'Cathain, CEO, Afren
Brian O'Cathain, CEO of oil exploration company Afren, talks with Eithne Treanor about the risks and rewards facing small oil companies in Africa.
EnergyRisk Awards 2006
The Energy Risk Awards 2006: we honour the talent, innovation and enthusiasm that sit at the heart of the energy risk management industry.
Pricing illiquidity in energy markets
Illiquidity is sadly a typical feature of many energy derivative markets. In this paper Stefano Fiorenzani proposes the application of a methodology, originally developed for equity markets, to overcome this problem
The rush for wood
The international biotrade market is expanding due to surging demand for wood pellets from power generators, but supply problems could lie ahead, writes Catherine Lacoursiere